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Chinese auto supplier Beijing West Smart Mobility raises 2 billion yuan in Series A financing
Chinese auto supplier Beijing West Smart Mobility raises 2 billion yuan in Series A financing

Beijing West Smart Mobility Zhangjiakou Automotive Electronics Co., Ltd., a Chinese supplier of automobile chassis suspension and braking systems, announced the completion of a Series A funding round that raised 20 billion yuan.

Jun. 13 , 2023
VOYAH nabs 15-billion-yuan credit line from six banks
VOYAH nabs 15-billion-yuan credit line from six banks

VOYAH, the premium new energy vehicle brand of Dongfeng Motor, announced today it has secured a 15-billion-yuan credit line from six banks and formed a strategic partnership with the Wuhan Economic and Technological Development Zone Investment Group.

Jun. 13 , 2023
IM Motors launches two Urban Fit variants for LS7 SUV, carrying new AI-enabled cockpit
IM Motors launches two Urban Fit variants for LS7 SUV, carrying new AI-enabled cockpit

IM Motors, the premium electric vehicle brand co-backed by SAIC Motor, Alibaba Group, and Zhangjiang Hi-Tech, on June 12 launched its first truly full-vehicle intelligent software product, the "Full-course AI Cabin".

Jun. 13 , 2023
Toyota, Honda, Nissan score positive YoY change in May China sales
Toyota, Honda, Nissan score positive YoY change in May China sales

​In May 2023, the three Japanese automakers, namely Toyota Motor, Nissan Motor, and Honda Motor all scored positive year-on-year growth in their monthly sales in the world’s largest auto market, China.

Jun. 12 , 2023
Sunwoda’s sodium-ion battery scheduled for volume production in Q3 2024
Sunwoda’s sodium-ion battery scheduled for volume production in Q3 2024

Sunwoda will put its sodium-ion batteries into mass production in the third quarter of 2024, according to Mr. Wang Mingwang, the founder of Sunwoda Electronic Co., Ltd., during the 2023 World Power Battery Conference on June 9.

Jun. 12 , 2023
China's sodium ion battery solutions supplier Paragonage closes angel round
China's sodium ion battery solutions supplier Paragonage closes angel round

Paragonage, a Chinese supplier of sodium ion battery solutions, recently completed an angel round of financing that secured several tens of millions of yuan.

Jun. 12 , 2023